2072 FARNHAM DR, Ocoee, FL 34761
One or more photo(s) has been virtually staged. Slower market and high interest rates have kept this home from selling FAST. Interest rates are down and the market has shifted and this seller is ready! Price reduced so bring your offer and let's get this home SOLD! Welcome to Preserve at Crown Point – A Stunning 4-Bedroom Home in Immaculate Condition! Discover the perfect blend of modern living and comfort in this beautiful 4-bedroom, 2-bathroom home, meticulously maintained and only 5 years old. With over 2,000 sq. feet of living space, this home boasts numerous upgrades and stylish features that will impress from the moment you step inside. The kitchen is a chef's dream, complete with a brand-new Whirlpool microwave vented to the outside, abundant counter space including a coffee bar area, ample cabinetry, and a large walk-in pantry. The family room features a raised ceiling and oversized sliders that overlook the large lanai and extensive pavers, providing an ideal setting for optimal entertaining. The additional bedrooms are generously sized, each with large closets for plenty of storage. Enjoy the convenience of an inside laundry room complete with washer and dryer, and a drop zone with extra storage. Preserve at Crown Point offers a pool, dog park and playground ensuring there's always something to enjoy in the neighborhood. This home is conveniently located near the 429, providing easy access to all your desired destinations. This home is not just a place to live – it’s a lifestyle. With its immaculate condition and thoughtful upgrades, you’ll experience the perfect combination of elegance and functionality. Only minutes to Downtown Winter Garden, SR 429 takes you to DT Orlando, Mt. Dora, Disney, Champions Gate or Tampa with ease. Only a stone's throw to the West Orange Trail for those walking and biking enthusiasts!! This location is in the middle of it all yet tucked away just enough to get away from it all. Don't miss out on this incredible opportunity! Schedule your private tour today and see for yourself why this home in Preserve at Crown Point is the perfect place to call your own.
You may be able to put down less than the total down payment amount of $213,966 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6210773